Market Overview for Hooked Protocol/Tether (HOOKUSDT)

Summary
• Price opened at $0.0407 and closed near $0.0402, forming a bearish trend amid consolidation.
• A 61.8% Fibonacci retracement level coincided with key resistance at $0.0411.
• Volume spiked during the early hours but faded midday, with turnover diverging from price.
• RSI indicated oversold conditions briefly, while MACD showed bearish crossover.
• Volatility expanded into the early hours before retracting into tighter ranges.

Hooked Protocol/Tether (HOOKUSDT) opened at $0.0407 on 2026-01-17 at 12:00 ET, reached a high of $0.0413, touched a low of $0.0401, and closed at $0.0402 on 2026-01-18 at 12:00 ET. The 24-hour volume was ~3.17 million units, with notional turnover of ~$128,700.

Structure & Formations

The price formed a bearish engulfing pattern around the $0.0411 level during the 21:00–21:15 ET window, signaling potential downward pressure. A key support zone developed at $0.0401–$0.0403, with a doji forming just above it at 05:45 ET, suggesting indecision.

Volume & Turnover

Volume surged between 01:00–02:00 ET, with turnover peaking at ~$24,000, but faded afterward. Price continued lower despite decreasing volume, hinting at weak conviction on the downside.

Moving Averages and Momentum

A bearish crossover in the 5-minute MACD occurred around 22:00 ET, aligning with a drop in momentum. RSI dipped into oversold territory below 30 during the early hours, but failed to trigger a significant rebound.

Bollinger Bands and Fibonacci Levels

Volatility expanded around the 01:00–02:00 ET window, with the price briefly breaching the upper Bollinger Band at $0.0409 before retracting. A 61.8% Fibonacci retracement at $0.0411 appeared to cap upward movement.

Looking ahead, the price may test the $0.0401 support level with potential for a rebound if buying interest reemerges. However, bearish momentum could persist if volume fails to increase. Investors should monitor for a potential breakdown below key support or a rejection at $0.0403–$0.0405.